Which of the Following Statements Is True

question 416

Multiple Choice

Which of the following statements is true?

• A) Anytime you have to decide which action to take you are experiencing economic equity.
• B) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as a stock clearance sale.
• C) Every individual, no matter how rich or poor, is faced with making trade-offs.
• D) Economics is a social science that studies the trade-offs we are forced to make because resources are unlimited.

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Definitions:

Federal Trade Commission

A U.S. federal agency with the mission to protect consumers and promote competition, enforcing antitrust and consumer protection laws.

Online Advertising

The practice of using the internet to deliver promotional marketing messages to consumers.

Deceptive

Misleading or likely to mislead or cheat; not presenting the truth completely or accurately.

Cease-and-Desist Order

A legal order issued by a government authority or court directing a person or entity to stop a specified action.